1st Edition

The Economics of Intellectual Property and Openness The Tragedy of Intangible Abundance

124 Pages 5 B/W Illustrations

by Routledge

124 Pages 5 B/W Illustrations

by Routledge

124 Pages 5 B/W Illustrations

by Routledge

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Description

This book focuses on the economic aspects of intellectual property (IP). It includes considerations of the wider category of intangible assets. However, the primary focus is devoted to patents which the author argues are the most vivid example of the Tragedy of Intangible Abundance (TIA). TIA touches upon a key issue in the contemporary economy. On the one hand, there is an enormous supply of... Read more

Introduction

1 Tragedies in economics

1.1 Economics of scarcity

1.2 Tragedy of the Commons

1.3 Tragedy of the Anti-Commons

1.4 Tragedy of Intangible Abundance

2 What caused the Tragedy of Intangible Abundance

2.1 Low quality of patents

2.2 Patent flooding

2.3 Immeasurable intangible resources

2.4 Propertisation of intangible assets

2.5 Intensified complexity of innovation

3 Indications of Tragedy of Intangible Abundance

3.1 Intellectual property demand and supply mismatch

3.2 Intellectual property law has become an arms-race field

3.3 Patent thickets and entry barriers

3.4 ‘Patent trolls’ (non-practising-entities)

3.5 Ineffective legal intellectual property protection

4 Toward openness – counteracting the Tragedy of Intangible Abundance

4.1 Systemic measures

4.2 Sectoral measures

4.3 Company prospects: directed diffusion

4.4 Benefits from directed diffusion

4.5 Directed diffusion: instruments

Conclusion